Direct tax collections rise 16% to ₹6.53 lakh crore so far this fiscal
1 year, 4 months ago

Direct tax collections rise 16% to ₹6.53 lakh crore so far this fiscal

Hindustan Times  

Net direct tax collections swelled 17.33 per cent to ₹5.84 lakh crore so far this fiscal, reaching 32 per cent of the full-year budget estimates. On a gross basis, direct tax collection grew 15.73 per cent to ₹6.53 lakh crore till August 10 in the current fiscal. Net direct tax collection, after adjusting refunds, stands at ₹5.84 lakh crore, which is 17.33 per cent higher than the net collections for the corresponding period of last year, it said. The 2023-24 budget has pegged direct tax collection at a little over ₹18.23 lakh crore, a 9.75 per cent higher than ₹16.61 lakh crore mopped up last fiscal.

History of this topic

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